Balance transfers & credit utilisation

onetimeatponycamp

Where credit utilisation is a factor in your ability to get approved for a new card - when lenders do the search when you apply, is it based on the latest updated report, or is the update done afresh?

Looking at Clearscore, my total credit card balance is looking higher than it actually is, as it has taken one where I'd transferred the money to a couple of months ago, but not yet updated the one where I'd transferred from. Is this what lenders would see, or would they get up-to-date data when they run their hard search?

[Deleted User]

Lenders see the latest daily data.

However, lenders don't provide individual account updates on a daily basis, so it's not quite real time.

onetimeatponycamp

Thank you. So in theory it might be possible that a soft check tells you that you're ineligible for a card, but then a hard check would allow approval - if the credit utilisation were  the problem, and if the info they saw on hard check were more up to date than what they saw on soft check?

All the credit scoring apps give me fairly high scores, and my salary is good, so the only thing I can think of is the credit utilisation which is making the pre-application checks come back as ineligible. Unless I'm missing anything else?

[Deleted User]

They'll be looking at all of the data on your files, with the exception of the scores which are just for your own amusement. They'll take into account limits, balances, income, payment history, ER, financial associates etc and the profitability and default rates for people in similar circumstances to you.